secwatch.observer — SEC 8-K summary
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Issuer:     Royale Energy, Inc. (ROYL)
CIK:        0001694617
Form:       8-K
Filed at:   2022-11-29T23:59:59+00:00
Accession:  0001185185-22-001365
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Royale Energy completes V.T. McCabe #70 well; initial production 85 bbl oil, 120 Mcf gas/day
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- Well encountered porous zones in Strawn and Odom formations; Odom completion averaging 85 bbl oil and 120 Mcf gas per day.
- Royale retains 40% working interest in the well; Upper Strawn formation with 35' net pay to be completed later.
- Since Jan 2020, Royale has drilled 7 wells and re-entered 3 wells in North Jameson Field.
- Aggressive fracture stimulation program began Oct 2022; 5 wells stimulated so far, 3 more planned by early Dec 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694617/000118518522001365/0001185185-22-001365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694617/000118518522001365/royaleinc20221128_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-22-001365

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer